Important disclosure

Personal Loans in Western Cape

Do you want to find out what the Western Cape personal loan market looks like?

It’s easy using the below calculator, simply input your desired loan amount and repayment duration and click “Calculate Repayment” to start browsing Western Cape lenders.

Calculate repayments

Loan Amount

R20,000

Term

3 months

Arcadia Finance

Consolidation Loans

Estimated Month Repayments
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
R10,000
to R250,000
Arcadia Finance helps you find the best debt consolidation loans from leading South African loan providers by comparing options from authorised banks and lenders. Fill out our free, no-obligation, online application to save hundreds of rands in interest rates and costs.
Arcadia Finance

Personal Loans

Estimated Month Repayments
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
R10,000
to R250,000
Arcadia Finance helps you find the best loans from leading South African loan providers by comparing options from authorised banks and lenders. Fill out our free, no-obligation, online application to save hundreds of rands in interest rates and costs.
MyLoan

The Right Personal Loan Matched to You

Estimated Month Repayments
Interest Rate
16.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
R5,000
to R250,000
MyLoan is the easiest way to get loan offers from many lenders. With one application, you will be pre-vetted at many lenders and can see which lenders can give a loan to you today!

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Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

Personal loans in Western Cape – South Africa

Get ready to choose the best loan option that suits your budget and needs with this short guide on personal loans in Western Cape.

What’s the best place to start searching for personal loans in Western Cape?

Get free service from CompareLoans through our personal loan comparison table above. We have showcased various lenders so you can compare loans “under one roof.” You’ll also find our long list of top South African personal loan lenders helpful as we have compiled detailed product information to help you in your search.

How do personal loans work in Western Cape?

Loan amounts typically vary between R10 000 and R300 000, while loan terms last from 12 months to 84 months. Two main types of personal loans are:

  • Unsecured personal loans. The most common personal loan type where no collateral is required.
  • Secured personal loans. Your asset, which could be a car or property, guarantees the loan and this allows the lender to claim the asset if you don’t repay.

Interest rate and fees for personal loans in Western Cape

The interest rate you get is based on your credit score. There are personal loans for average credit, good credit, and excellent credit. Your interest rate can also be fixed (stays the same) or variable (may go up or down).

When comparing loans also find out how much the lender charges for common fees like initiation and monthly service fees or early and late payment fees.

What are common uses for personal loans?

  • Debt consolidation. Use the personal loan to pay off your other loan accounts.
  • Peer to peer loans. Find a marketplace that links you directly with individual lenders – no banks involved.
  • Student loans. Pay for your tertiary education, accommodation, textbooks and other related expenses.
  • Online loans. You get to submit your personal loan application online.

Other uses for personal loans include:

Personal loan calculator

Our personal loan calculator is another free tool that shows you your estimated monthly repayments. Move the sliders to choose your desired loan amount and term, then click calculate.

Blacklisted personal loans in Western Cape

If you’re looking for bad credit personal loans, keep in mind that most South African lenders will charge a higher interest rate. Your options for getting a better deal include:

  • Applying for a secured personal loan;
  • Making a joint application;
  • Looking for short term loans or payday loans in Western Cape if you fail to qualify for a personal loan.

What you need to apply – General Requirements

  • Be at least 18 years;
  • South African ID;
  • Have a regular monthly income;
  • Payslips and bank statements; and
  • Proof of residence.

How to apply for personal loans online in Western Cape

Once you find a favourable loan option from our comparison table, click “Go to Site.” Visit the loan provider’s website and submit your completed application form as well as the required documents.

Popular personal loans searches

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